Range Hood Market is Projected to Witness Exponential Growth by 2026 - PowerPoint PPT Presentation

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Range Hood Market is Projected to Witness Exponential Growth by 2026

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Range Hood Market is Projected to Witness Exponential Growth by 2026 – PowerPoint PPT presentation

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Title: Range Hood Market is Projected to Witness Exponential Growth by 2026


1
Range Hood Market Trends Information and
Competitive Landscape Scenario to 2026
  • Increasing concerns regarding food safety and
    hygiene around the world are driving the range
    hood market growth. Development of new
    restaurants and hotels in Europe and Asia Pacific
    is fueling product demand. Several restaurant
    owners are using kitchen hoods in order to follow
    food safety and restaurant hygiene guidelines put
    forth by local governments.
  • Range hoods are generally installed in commercial
    and residential kitchens for the removal of
    fumes, heat, smoke, airborne grease and
    combustion products. Although the recent COVID-19
    pandemic induced lockdown have caused
    restaurants, hotels and cafes to shut down
    operations temporarily, estimates suggest that
    the range hood industry could grow substantially
    owing to the revival of the economy after the
    pandemic.

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2
  • Given to rising significance and demand, firms
    operating in the range hood market are developing
    new products that are rigged with advanced
    features. For instance, in 2018, major electronic
    goods company, Panasonic Corporation launched its
    new and enhanced chimney type range hood having
    modern features including an electronic
    soft-touch glass panel and a smoke duct adaptor.
    With such advancements, Global Market Insights,
    Inc., estimates that the range hood market may
    record over USD 9.5 billion by 2026.
  • Based on product, the range hood market is
    divided into ceiling mount, wall mount and under
    cabinet. Of these, the ceiling mount range hood
    segment is experiencing significant growth owing
    to increasing consumer inclination towards
    modular kitchens. Ceiling kitchen hoods are
    mainly made for modular kitchens with the nob or
    stove positioned in the middle of the kitchen,
    allowing multiple users to cook simultaneously.
    These hoods are available in various colors,
    shapes, materials and sizes, which is boosting
    their popularity in modern kitchens.
  • In terms of application, the range hood business
    is bifurcated into residential and commercial.
    Out of these, the residential segment is
    anticipated to register the highest market share
    over the forecast period on account of the
    shifting preferences of consumers towards modern,
    advanced kitchen cleaning appliances over
    traditional cleaning systems like fans.

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421
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4
  • Regional Analysis
  • On a regional standpoint, North America range
    hood market is witnessing increasing demand owing
    to the implementation of stringent government
    regulations on food safety and hygiene in hotels
    and restaurants.
  • Competitive Analysis
  • While the global range hood market consists of
    firms such as Asko Appliances, KOBE Range Hoods,
    Zephyr Ventilation, Faber S.p.A, Broan Inc.,
    Vent-A-Hood, Viking Range, LLC, Panasonic
    Corporation, Windster Hoods, CaptiveAire Systems,
    Fotile Overseas Kitchen Appliance, BSH Group,
    Samsung Electronics, Elica S.p.A, Miele, Inc.,
    and Whirlpool Corporation. These companies are
    adopting different business strategies such as
    new product development and geographical
    expansions in order to enhance their market
    position.

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5
Latest Research Report On Range Hood Market _at_
https//www.gminsights.com/industry-analysis/range
-hood-market
Request for sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
4421
Request for customization https//www.gminsights
.com/roc/4421
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